#KAITO @KaitoAI #Crypto

In the cryptocurrency circle for 8 years, I've seen too many AI projects go from hype to being cold, but the recent movements of Edgen @EdgenTech made me exclaim that I’m quite knowledgeable.
In simple terms, Edgen aims to be the "Bloomberg Terminal for the crypto world," using AI to help filter out market noise. In the information explosion of the crypto sphere, this demand certainly exists, but the key question is whether it can truly deliver.

First, on the technical level, its multi-agent system sounds impressive, like having several AI experts analyze a cryptocurrency simultaneously, with one focusing on fundamentals, another on technical aspects, and another on social media sentiment, ultimately providing a comprehensive conclusion. This approach is actually quite good, and more reliable than simply using a single GPT for analysis.

But there is a problem here; the matter of AI predicting the market is inherently quite mystical. The so-called "divine prediction" on October 11 might just be a coincidence, after all, a rebound after a crash is a common market behavior. What truly tests the capabilities of AI is whether it can maintain a high accuracy rate over the long term.

From the user growth data, X has 100,000 fans and the interaction volume is indeed good, but this is not particularly outstanding in the cryptocurrency space. Many projects can reach this level during their peak popularity; the key is whether it can be sustained.

I am more concerned about its business model. The Aura points system is cleverly designed, distributing rights based on prediction accuracy, and this concept of "intelligent mining" is indeed innovative. However, the problem is that if market trends are inherently difficult to predict, then the fairness of this points system is questionable.

In terms of competition, established data platforms like Nansen and Messari are indeed relatively conservative in their AI applications, and Edgen may have opportunities in this area. However, the moat for projects in the cryptocurrency space is often not that deep, and technological advantages can be easily replicated.

The biggest risk is actually the AI bubble. Everything now needs to be tagged with AI, but there are not many that can truly create value. If Edgen's AI prediction accuracy is not high enough, users will quickly churn.

My view is that Edgen has captured a real pain point, and its technical solution is somewhat innovative, but its success largely depends on execution. I suggest paying attention to its prediction accuracy data; if it can maintain above 70% consistently, it would indeed be valuable.

That said, when making investment decisions in the crypto space, the most important thing is still your own judgment. Any tool is just a reference and should not be overly relied upon. As I often say, surviving is already half the victory; no matter how good the tools are, risk control still has to be managed by yourself.